Hyperinflation Notes

You don't have to understand it, to collect it.
You know, a cheap way to do this, is just go to an ATM machine when abroad in a country with a poor exchange rate. Get an account balance, and you will be a zillionaire!

 

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Hehe, maybe so. But if @iPen wants to focus on the countries/periods listed here, it does make a difference.

Christian

 

Yeah, that's what I looked at and was still confused with respect to Republika Srpska. The others are fairly straight forward.

If the Krajina Republic note was printed by a government entity, whether recognized or unrecognized, I think that it would still fall somewhere at the top 10. In any case, I'll probably end up getting the other Republika Srpska note.

But my question is... can anyone tell me what 14th ranked Bosnia's note of the same year is? I can't seem to find that searching in Google. If I'm not mistaken, the one below is for Republika Srpska, and they were one of two administrative entities within Bosnia & Herzegovina (by the way, look at that 'stache!):

 

That is the mustache of Petar Kočić. Admittedly I do not know much about those notes, but yes, Republika Srpska is right. (You can see the name of the region's capital, Banja Luka, at the bottom next to the date.)

Now the Bosnian Dinar notes (first series, July 1992) came in six denominations, from 10 to 1,000 dinara. Interestingly, in and around the city of Travnik they had 10 dinara notes with a "100,000 dinara" overprint. See this page from the Bosnian Wikipedia. In 1994 that currency was replaced by the New Dinar, at a 100,000 to 1 rate.

Christian

 

Thanks for that info. I'll have to get that other note then.

Does anyone think that I should send the 2 trillion Reichsbanknote Mark note to PMG, despite its fairly low grade condition (they seem relatively difficult to come by for the Reichsbanknote in the trillion Mark territory)? I'll probably end up getting a better grade of it or a higher denomination - will the increased premium value of getting it graded, authenticated, etc. be greater than or equal to the cost of the submission?

 

Wow, I thought my 20 million mark note was huge!

 

Unless you can get a deal on the grading fee you probably would not recover it.

 

Thanks, in that case, I'll just keep it raw and sell it that way once I'm ready to upgrade to a better condition/higher denomination.

 

Whereas inflation is related to the amount of money in circulation...
...and vice versa...
Graphs for Germany show that the amt. of money in circulation fell way below the inflation rate... at times.
Thus, there was a shortage of small denomination notes to "make change"
and/or a shortage of large denomination notes to permit one to dispense with the wheelbarrow...
The RBM had 176 printing plants going and...
so did Regional Banks have printers. [some not Pick-listed as of 1985]
Apologies to all for quoting from my heavily circulated memory.

 

I just learned of this Reichsbanknote... it's an official government issue 100 billionen (100 trillion) Mark note, as opposed to a notgeld note. That makes it tied with the Zimbabwe note for its nominal value. Yet, I don't see many people bringing it up when it comes to the highest nominal hyperinflation notes. Maybe it wasn't officially issued like the 1946 Hungary 1 Sextillion note.

 

Yes, that note was issued, but have a look at the date: mid-February 1924. The Rentenmark - which basically brought the hyperinflation period to an end - was introduced on 15 November 1923 ...

After the stabilization of the currency and the introduction of the Reichsmark (August 1924) it took a while until the new money was available in sufficient quantities, so the hyperinflation notes kept on circulating for a while. This "Hundert Billionen" denomination for example stayed in use until early 1925, worth 100 RM.

And while I do not collect paper money, I think that this note is quite expensive. Roughly €5,000 ($6,100) and more - depending on the condition of course.

Christian

 

Let's see...
4,000,000,000 marks to one Goldmark
(Four trillion= four 'Billionen'
Goldmark at $.025 US
...every four billionen = $0.25 US
100/4=25... 25 X $0.25= $6.25 US ...(in 1924 silver dollars!)

 

I got this billion (trillion) mark note incoming.

It's the paper money counterpart to the silver plated bronze coin!

Too bad there's no horse design on the other side.





The silver-plated bronze coin version (pic from the 'net):

 

Hehe, there is one. In the seal of the issuing bank.

Christian